New Union Officially Expands into Cambodia

 

New Union Offically Expands Into Cambodia

 

New Union, South East Asia's leader in debt-based crowdfunding (based on the dollar amount of loans issued), officially announced the launch of her Cambodia office.

This move comes after close to two years of research and development and business operations in the country. Cambodia is also the fourth country that New Union has expanded her business into.

"A lot of locals in Cambodia both peers and SMEs faced great challenges seeking funds from banks," says Eddie Lee, Managing Director of New Union Singapore. "Over the last year or so, we've been offering micro loans to Cambodians. The results have exceeded our expectations, which have given us the confidence to officially expand into Cambodia."

This expansion would also mark a huge move forward for the crowdfunding and peer-to-peer lending industry around Asia, as our investors will soon have the opportunity to seek higher returns by lending to fund seekers around the region.

 

New Union Cambodia Appoints Poh Wenyi and Lee Kae Kang in New Appointments

 

Earlier today, the board of directors officially appointed Poh Wen Yi (left) as the Managing Director and Lee Kae Kang (right) as the Executive Director of New Union Cambodia.

As the Regional Business Development Director, Wenyi has accumulated long years of experiences and knowledge in the finance and business world. He defines long-term strategic goals for New Union Cambodia and works closely with other overseas counterparts to ensure successful expansion and implementation of New Union into Cambodia.

Complementing him is Kae Kang, Executive Director of New Union Cambodia, who has more than 8 years of experience in the business and finance industry. Prior to his new appointment, Kae Kang has been managing and leading Max Credit, which provides Pawning Services in Cambodia.

Combining their strengths and expertise in the finance and business world, the duo will continue to lead New Union Cambodia to higher pastures.

 

About New Union

 

New Union is Southeast Asia's largest Business Financing Platform where local businesses seeking short-term financing connect with individuals and businesses seeking short-term investments.

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